Experian, an information services company, has upgraded its CreditHorizons for Securities solution, which delivers the company's consumer credit information for non-agency mortgage-backed security deals, with the ability to link consumer credit data to Lewtan's private-label deal library, ABSNet Loan.
This capability expands the CreditHorizons for Securities offering to a broader base of non-agency residential mortgage-backed securities (RMBS) investors.
According to Experian, by linking consumer credit data to loan-level data, CreditHorizons for Securities provides an additional set of influencers that will help investors better predict delinquency and default probabilities, obtain more granular data about the underlying collateral and understand how consumer trends impact their RMBS portfolios.
Ethan Klemperer, general manager of Experian Capital Markets, said: “By enhancing CreditHorizons for Securities with Lewtan’s robust loan-level database, we are able to deliver consumer-centric information to an even greater population of market participants.”
Ned Myers, chief marketing officer of Lewtan, said: “We feel this relationship brings a depth of data about the borrower, the loan and the property value which will help restore investor confidence by enhancing the sophistication of credit analysis that can be performed. This solution provides greater insight towards delinquency and loss forecasting, pricing strategies and for making RMBS buy and sell decisions.”
Lewtan offers a content- and technology-based solutions to members of the asset-securitization industry, including issuers, investors, underwriters, servicers, credit enhancers, and rating agencies.